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Twitter CEO Jack Dorsey makes $1 billion donation to COVID-19 relief

Jack Dorsey is pledging $1 billion of his stake in Square Inc., the mobile payments company he co-founded, to help fund coronavirus relief efforts.

His donation, which he reports is about 28% of his estimated $3.9 billion net worth, is by far the largest yet by an individual. Other top philanthropists include Bill and Melinda Gates, whose foundation committed $100 million to develop a vaccine and support detection, isolation and treatment efforts.

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Dorsey, who is CEO of both Square and Twitter, made the announcement on his social platform.

Remaining funds after the COVID-19 crisis will shift to supporting women’s health and education and universal basic income, Dorsey tweeted.  

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